Shorting without proper confirmation of direction is stupidity..
Fundamentals haven't changed and the only thing they are doing is flipping a coin at this point and hoping the rate increase causes a serious retrace....
With JW and team lining the ducks after many years I personally wouldn't be betting against this stock/sector and from the upper band of a short term descending channel after multiple oscillations is comical (Risk = Substantial)
Goodluck to them I say
Maybe they know something we don't.... but again maybe they don't and they just have more money than sense.
Time will tell.
IMO DYOR
lpd share price, page-12338
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Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $21.47M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $6.399K | 2.167M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 164 | 140572823 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 71808036 | 47 |
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| Last trade - 12.54pm 24/07/2024 (20 minute delay) ? |
| LPD (ASX) Chart |